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...economies in an election year because governments will find short-term solutions to put off a downturn until after the election," says TIME's William McWhirter. "But this time the government might not be able to do this." Speculators are already counting on a dose of pump-priming. The Dow soared 76 points Tuesday on expectations that the Federal Reserve would lower interest rates in an attempt to jump-start the economy. (A decision is expected Wednesday.) "With consumer debt at an all-time high, people feel tapped out," notes McWhirter. "They aren't as optimistic, and they aren...
Optimistic that the Federal Reserve Board will soon cut interest rates to spur a sluggish economy, investors pushed the Dow Jones industrial average further into record territory Monday. The Dow rose 33.23 to end the day at 5,304.98. The New York Stock Exchange composite index gained 1.36 to finish at 334.20. On the Big Board, advancers led decliners 1,322 to 969, with 793 unchanged. The technology-heavy Nasdaq composite index rose 1.37 to close at 1,042.33. The Standard & Poor's 500 stocks gained 2.59 to 624.21. The American Stock Exchange market value index gained 2.42 to close...
Wall Street had a rough day Thursday, as most of the major indices fell amid uncertainty over a possible third federal shutdown. The Dow Jones industrial average lost much of yesterday's gain, falling 26.01 points to close at 5,216.83. The New York Stock Exchange composite index also fell 1.17 to close at 330.55. On the Big Board, decliners led advancers 1,272 to 1,033, with 776 unchanged. Volume was heavy, with 445.35 shares traded. The technology-heavy Nasdaq composite index also fell Thursday, losing 7.34 to end the day at 1,036.12. The Standard & Poor...
...this time of heartless corporate mergers and takeovers, where a rumor of cutting jobs can send the Dow skyrocketing, it's nice to know that some takeovers are still benign...
Strong earnings reports pushed the Dow Jones industrial average back into record territory Wednesday. The Dow ended the day up 50.57 points, closing at 5,242.84. The New York Stock Exchange composite index also rose today, gaining 3.19 to finish the day at 331.72. On the Big Board, advancers led decliners 1,483 to 900, with 725 unchanged. Volume was heavy, with 475.89 million shares traded. The technology-heavy Nasdaq composite index gained 15.42 to close at 1,043.46. The Standard & Poor's 500 stocks rose 7.17 to finish at 619.96. The American Stock Exchange market value index rose...